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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (88897)	8/8/2007 4:30:33 PM
From: Dennis Roth	Read Replies (2) \| Respond to of 206154

DJ US GAS: Futures Rise Slightly On Warmer Weather (Table of Settlement and Cash prices at link) futuresource.quote.com Hotter weather in the Midwest and Northeast and expectations for an increasingly active hurricane season have supported futures prices, but record amounts of natural gas in U.S. storage have put downward pressure on futures, said Allen Rather, a private energy analyst in Victoria, Texas. "There are offsetting issues between the shorter-term heat and the bigger picture with the overhang in storage," Rather said... ... Government data is expected to show a build of 53 billion cubic feet of gas in storage for the week ended August 3, according to the average prediction of 14 analysts and traders surveyed by Dow Jones Newswires. That compares to a 7 bcf withdrawal of natural gas from storage during the same week last year according to the U.S. Energy Information Administration. The five-year average injection into storage for the week ended August 3 is 45 bcf. === BLOOMBERG: Nymex Natural Gas Rises on Extreme Heat Outlook, Higher Demand bloomberg.com ``This is unrelenting heat,'' said Jim Rouiller, senior energy meteorologist at Planalytics in Wayne, Pennsylvania. ``The real excessive heat is going to remain focused on the central and southern plains eastward into the Southeast seaboard.'' ``If there is any bullish news in the market, it could cause upside volatility for a little while,'' said Paul Flemming, director of power and gas services for Energy Security Analysis in Wakefield, Massachusetts. ``The fundamentals are quite bearish,'' said Flemming. ``Back in my trading days we called this sharply unchanged.'' Gas inventories probably expanded by 51 billion cubic feet for the week ended Aug. 3, the median of estimated from 21 economists and analysts surveyed by Bloomberg. During the same week last year, 11 billion cubic feet were withdrawn from storage. === Looks like the heat wave may soon be slipping away from the North East and Texas. wxmaps.org cpc.ncep.noaa.gov cpc.ncep.noaa.gov The heat - Month to date cpc.ncep.noaa.gov === The Tropical Atlantic remains quiet From Dr. Jeff Masters' Blog today. wunderground.com The Tropical Atlantic is exceptionally quiet, with very little thunderstorm activity anywhere. There are no threat areas to discuss, and none of the reliable models are forecasting development of a tropical storm over the next seven days.